Cranberry Isles Realty TR

Analysis

Cranberry Isles Realty TR is a registered charity in United States, based in Cranberry Is, ME. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cranberry Isles Realty TR reported income of $187k and spending of $89k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $187k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income dropped by 476%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cranberry Isles Realty TR sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 45th percentile within ME. Charities of a similar size with the same main cause include Morse Elderly Housing Corporation ($187k), Willapa Community Developement Association ($187k) and Safe Place Foundation ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $1.0m.